PlainZIP

Carmel, IN · standard

ZIP Code 46032

Hamilton County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

42,234
632/sq mi
$132,085
Median income
$496,800
Median home value
75.5%
Bachelor's or higher

The verdict

Carmel pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.

Top 7%
household income, US ZIPs
Top 13%
home value, US ZIPs
632
people per sq mi
67%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 46032 against every reporting US ZIP.

ZIP code 46032 is a densely settled ZIP (a standard USPS delivery area) in Carmel, Hamilton County, Indiana, with 42,234 residents across 66.9 square miles, a density of 632 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 46032 skews affluent, with a median household income of $132,085 (79% above the Indiana average), while per-capita income is $78,612. 4.9% of residents live below the poverty line, and the unemployment rate reads 2.9%. Median home value sits at $496,800 (157% above the state average), median rent at $1,642 a month, and owner-occupancy at 66.5%.

This is a highly-educated ZIP: 75.5% of adults hold a bachelor's degree or higher, the median age is 39.9, and the average commute is 24 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hamilton County, so you can benchmark 46032 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 46032

Top 5 sectors by establishment count in Carmel, IN

Which industries have the most business establishments in ZIP 46032.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 46032, Carmel, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

42,234

Population

66.9

Area (sq mi)

632

People / sq mi

Indiana/Indianapolis

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 46032?

39.9

Median Age

48.4%

Male

51.6%

Female

13.9%

Foreign-Born

White 78.1%
African American 3.6%
Asian 10.4%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.3%
Hispanic or Latino 5.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$132,085

Median Household Income

+79% vs state

$78,612

Per Capita Income

4.9%

Poverty Rate

2.9%

Unemployment Rate

23.8 min

Mean Commute Time

How ZIP 46032 ranks nationally

Carmel, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$132,085 Top 7% higher than 93% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). This entry sits in this band. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 82.5%
Bachelor's Degree or Higher 75.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

22,194

Total Housing Units

20,557

Occupied Units

1,637

Vacant Units

2.49

Avg Household Size

Occupancy Type

Owner 66.5%
Renter 33.5%

$496,800

Median Home Value

+157% vs state

$1,642

Median Rent

1999

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+3.6%

YoY Change (2024)

255

HPI Index (2000 = 100)

+155%

Total Change Since 2000

Home values in ZIP 46032 have increased 3.6% over the past year (2024). Since 2000, this ZIP has seen +155% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.1% 169
2021 +11.4% 189
2022 +18.6% 224
2023 +10.1% 247
2024 +3.6% 255

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 2,662 business establishments in ZIP 46032, employing approximately 51,317 people with a combined annual payroll of $4,004,963,000.

2,662

Businesses

51,317

Employees

$4.0B

Annual Payroll

18

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 460 17.3%
Health care and social assistance 427 16.0%
Finance and insurance 264 9.9%
Real estate and rental and leasing 238 8.9%
Retail trade 237 8.9%
Other services (except public administration) 233 8.8%
Accommodation and food services 213 8.0%
Wholesale trade 119 4.5%
Construction 106 4.0%
Administrative and support and waste management and remediation services 106 4.0%
Educational services 62 2.3%
Arts, entertainment, and recreation 59 2.2%
Manufacturing 36 1.4%
Information 35 1.3%
Management of companies and enterprises 31 1.2%
Transportation and warehousing 27 1.0%
Industries not classified 4 0.1%
Utilities 3 0.1%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 46032 vs 46290 →

ZIP 46032 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 46032 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 46032 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 46032 ranks #3 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
46290 Indianapolis, IN 170 2.2 mi
46074 Westfield, IN 26,745 4.9 mi
46260 Indianapolis, IN 32,406 4.7 mi
46280 Indianapolis, IN 6,793 3.4 mi
46033 Carmel, IN 34,889 4.6 mi
46240 Indianapolis, IN 18,731 4.8 mi
46268 Indianapolis, IN 24,965 5.7 mi
46077 Zionsville, IN 24,512 6.1 mi
46208 Indianapolis, IN 22,239 9.8 mi
46228 Indianapolis, IN 14,755 8.2 mi

More ZIP Codes in Hamilton County

46038 standard
Fishers, IN
Pop: 37,723
46037 standard
Fishers, IN
Pop: 35,891
46033 standard
Carmel, IN
Pop: 34,889
46060 standard
Noblesville, IN
Pop: 34,708
46062 standard
Noblesville, IN
Pop: 29,730
46074 standard
Westfield, IN
Pop: 26,745

Related Areas

Hamilton County Carmel, IN Indiana

Frequently Asked Questions

What county is ZIP code 46032 in? ▼
ZIP code 46032 (Carmel) is located in Hamilton County, Indiana. Hamilton County contains multiple ZIP codes, see the full list at /counties/hamilton-in.
What is the population of ZIP code 46032? ▼
ZIP code 46032 in Carmel, IN has a population of 42,234 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 46032? ▼
The median household income in ZIP 46032 is $132,085, which is 73% above the national average of $76,288.
What is the average home value in ZIP 46032? ▼
The median home value in ZIP 46032 is $496,800, which is 79% above the national average of $278,155.
What is the demographic makeup of ZIP 46032? ▼
The largest racial group in ZIP 46032 is White at 78.1%. Hispanic or Latino residents make up 5.0% of the population.
How many businesses are in ZIP code 46032? ▼
ZIP code 46032 has 2,662 business establishments employing approximately 51,317 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 46032? ▼
The top industries by establishment count in ZIP 46032 are: Professional, scientific, and technical services (460), Health care and social assistance (427), Finance and insurance (264). There are 18 industry sectors represented in total.
How have home values changed in ZIP code 46032? ▼
According to the FHFA House Price Index, home values in ZIP 46032 increased by 3.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 155%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 46032? ▼
In ZIP code 46032, 82.5% of residents aged 25+ have a high school diploma or higher, and 75.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 46032? ▼
The mean commute time for workers in ZIP code 46032 is 23.8 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 46032? ▼
In ZIP code 46032, approximately 66.5% of occupied housing units are owner-occupied and 33.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 46032? ▼
The poverty rate in ZIP code 46032 is 4.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.